https://www.taxtmi.com/caselaws?id=49383 For grossing up dividends under section 16(2) of the Indian Income-tax Act, 1922, the company's applicable rate of income tax was to be taken as the operative rate for the year, but any rebate was expressly excluded from the computation. The Part B States (Taxation Concessions) Order, 1950 used the term "rebate" in its operative provisions, and the relief granted under it was treated as a remission of tax. Section 60A was held wide enough to authorise such a rebate by exemption, reduction in rate, or other modification. The concession therefore qualified as a rebate within section 16(2) and was not to be included in grossing up. en-us Fri, 08 May 1964 00:00:00 +0530 Fri, 22 Aug 2014 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49383 For grossing up dividends under section 16(2) of the Indian Income-tax Act, 1922, the company's applicable rate of income tax was to be taken as the operative rate for the year, but any rebate was expressly excluded from the computation. The Part B States (Taxation Concessions) Order, 1950 used the term "rebate" in its operative provisions, and the relief granted under it was treated as a remission of tax. Section 60A was held wide enough to authorise such a rebate by exemption, reduction in rate, or other modification. The concession therefore qualified as a rebate within section 16(2) and was not to be included in grossing up. Case-Laws Income Tax Fri, 08 May 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49383